Bittrex to Remove 82 Altcoins by End of Month
- The majority of the delisted altcoins have broken blockchains, were abandoned by developers, or were designed as scams.
Bittrex, a major US-based cryptocurrency exchange, has announced plans to remove a total of 82 altcoins from its listings by March 30. The platform stated that it has flagged and warned on these coins as users will no longer be able to withdraw any of the delisted tokens if they are left in accounts at the end of the month.
According to Bittrex, the majority of the delisted altcoins have broken blockchains, were abandoned by their developers, or were designed as scams or pump and dump schemes. In addition, some of the digital currencies slated to be removed from the exchange have poor Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on its platform
As new coins emerge, old and abandoned coins are routinely removed from exchanges to cleanup their listings, as well as to protect users from purchasing dying or scam assets.
Given that most of the coins being delisted on the exchange have broken blockchains, refunds will not be possible. Bittrex stressed it will make no exceptions for further funds remaining at the time of delisting.
“Occasionally, there are circumstances that lead Bittrex to remove a coin's wallet or market from the Bittrex Exchange," Bittrex explained in a statement. "These actions are taken to ensure customers have access to digital tokens that continue to meet our strict coin listing criteria and have a properly functioning Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and wallet.”
Here is a list of the tokens to be removed from Bittrex:
8BIT
ADC
AM
AMS
APEX*
ARB
BITS*
BITZ*
BLC
BOB
BSTY
BTA
CCN
CRBIT*
CRYPT*
DAR
DGC
DRACO
DTC
FC2
FRK
FSC2*
GEMZ
GHC
GP
GRT
HKG
HYPER*
HZ
J
KR*
LXC*
MAX
MEC
METAL
MND
MTR*
MZC
NAUT
NET
NEU*
NTRN
OC*
ORB
PRIME*
PXI
ROOT*
SCOT
SCRT*
SFR*
SLG
SLING*
SOON
SPRTS
SSD*
STEPS*
STV
SWING
TES
TIT
TRI
TRK
U*
UFO
UNIQ*
UNIT
UNO
UTC
VIOR*
VIRAL*
VPN
WARP*
XAUR
XBB
XC
XCO
XDQ*
XPY*
XQN
XSEED*
XTC
YBC*
Bittrex, a major US-based cryptocurrency exchange, has announced plans to remove a total of 82 altcoins from its listings by March 30. The platform stated that it has flagged and warned on these coins as users will no longer be able to withdraw any of the delisted tokens if they are left in accounts at the end of the month.
According to Bittrex, the majority of the delisted altcoins have broken blockchains, were abandoned by their developers, or were designed as scams or pump and dump schemes. In addition, some of the digital currencies slated to be removed from the exchange have poor Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term on its platform
As new coins emerge, old and abandoned coins are routinely removed from exchanges to cleanup their listings, as well as to protect users from purchasing dying or scam assets.
Given that most of the coins being delisted on the exchange have broken blockchains, refunds will not be possible. Bittrex stressed it will make no exceptions for further funds remaining at the time of delisting.
“Occasionally, there are circumstances that lead Bittrex to remove a coin's wallet or market from the Bittrex Exchange," Bittrex explained in a statement. "These actions are taken to ensure customers have access to digital tokens that continue to meet our strict coin listing criteria and have a properly functioning Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term and wallet.”
Here is a list of the tokens to be removed from Bittrex:
8BIT
ADC
AM
AMS
APEX*
ARB
BITS*
BITZ*
BLC
BOB
BSTY
BTA
CCN
CRBIT*
CRYPT*
DAR
DGC
DRACO
DTC
FC2
FRK
FSC2*
GEMZ
GHC
GP
GRT
HKG
HYPER*
HZ
J
KR*
LXC*
MAX
MEC
METAL
MND
MTR*
MZC
NAUT
NET
NEU*
NTRN
OC*
ORB
PRIME*
PXI
ROOT*
SCOT
SCRT*
SFR*
SLG
SLING*
SOON
SPRTS
SSD*
STEPS*
STV
SWING
TES
TIT
TRI
TRK
U*
UFO
UNIQ*
UNIT
UNO
UTC
VIOR*
VIRAL*
VPN
WARP*
XAUR
XBB
XC
XCO
XDQ*
XPY*
XQN
XSEED*
XTC
YBC*